Published October 16, 2008
2009 growth may slow: Zeti

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(WASHINGTON) Malaysia's economy may expand as little as 4 per cent in 2009, the slowest pace in eight years, and the central bank is ready to shift its focus to boosting growth as inflation worries ease, governor Zeti Akhtar Aziz said. 'What is very vital is the economy should not be allowed to slip into a sharp economic downturn,' Ms Zeti said here on Tuesday. 'We have the capacity and the capability to implement fiscal, monetary and other measures to prevent such an economic downturn.'
The economy will probably expand 5-5.5 per cent this year, Ms Zeti said. That's below the official forecast of 5.7 per cent. Finance Minister Najib Razak on Tuesday said the growth prediction for 2009 of 5.4 per cent may be revised. - Bloomberg